07.23.2024
With Recent Announcement of Major Contract Renewals, Company is Well Positioned for Future Growth
Incora, (collectively, “Incora” or the “Company”), a leading global provider of innovative supply chain management solutions, announces that is has secured more than $60 million of annualized new business. The new business wins are in key growth segments of maintenance, repair and overhaul (MRO) services and in the Asia-Pacific region. The Company has a strong track record of winning new business with both new and existing customers across all its geographies due to its wide range of products and services, and excellent support levels with existing customers.
David Coleal, Chief Executive Officer of Incora stated, “Over the last several months, we have made substantial enhancements to the business, positioning us to build and grow well into the future. The partnership from our financial stakeholders—current and future—will support this growth and enable us to continue providing an unmatched value proposition to customers.”
Incora maintains more than $1 billion in world-class inventory position to support its global customer base’s forecasted growth. The Company also recently expanded its global footprint with new facilities in Sacramento, California and Bangalore, India. The new sites will provide increased product delivery and coverage across their respective regions to meet customer demand. The expanded footprint also provides customers with more locally-placed supply chain management services to better serve their regional and global needs.
The Company continues to see major growth in recent months across its global customer base in commercial and defense sectors, specifically in the aircraft engine MRO segment. Incora continues to focus on strengthening and adapting its value proposition to industry needs, thereby providing unparalleled support across the supply chain for its customers.
Incora is pleased to announce that it has been awarded a multi-year contract to further extend the scope of supply and continue the partnership with AVIC Group and its subsidiary Xi’an Aircraft Industrial Corporation (“XAIC”) on the COMAC C919 platform.
Incora is pleased to announce it has successfully renewed existing contracts totaling more than $500 million in annualized business revenue.
